| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2024 - 31 Dec 2024 | 18 Feb 2025 | 61 | 18% | 24% | 58% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 61 | 16% | 26% | 58% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 63 | 16% | 22% | 62% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 62 | 13% | 27% | 60% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Small suppliers are paid on 30 days and 45 days from end of month. Sub-Contract labour invoices are paid 28 days from receipt. Large suppliers are paid 60 days from the end of the month.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
365
The Procurement Team will be the first person to try and resolve a dispute, a Department Manager will then try and resolve the dispute if it hasn't been resolved. If still unresolved a Director would get involved.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Compco Fire Systems Limited, registered in Worcestershire, designs, manufactures, installs and maintains fire protection systems. Its services include automatic sprinkler systems, gas suppression systems, fire hydrants and risers, and high pressure water mist systems, alongside engineering consultancy, BIM 3D design and off-site manufacturing. It works across commercial, educational, healthcare, retail and data centre facilities, serving businesses, contractors and public sector organisations. Established in 1988, the company operates from six offices and describes itself as one of the UK's largest fire engineering businesses, offering design, installation, servicing and compliance-focused maintenance packages for fire suppression systems.
Generated from the company's website and Companies House records. Sources: compcofire.co.uk · compcofire.co.uk